AAG and FAR Partner to Expand Jumbo Product Reach

Two of the biggest names in the reverse mortgage industry are teaming up in an attempt to expand the reach of proprietary products.

American Advisors Group will begin offering Finance of America Reverse’s private HomeSafe loan on a correspondent basis, RMD has learned.

Under the agreement, the Orange, Calif.-based AAG will offer the HomeSafe — a proprietary reverse mortgage with loan values of up to $4 million — through the AAG Advantage name on a retail basis, and the HomeSafe name through its wholesale channel. Keep reading…

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